GAHANNA, Ohio, May 13, 2024 /PRNewswire/ -- AEP Ohio, an American Electric Power (Nasdaq: AEP) company, today filed with the Public Utilities Commission of Ohio in docket 24-508-EL-ATA a proposal that would create a new rate category for data center customers and cryptocurrency mining/mobile data center operations. The proposed rate structure would require new data centers with loads greater than 25 megawatts (MW) and cryptocurrency mining operations/mobile data centers with loads greater than 1 MW to agree ...

The utility sector, which tends to outperform when the economy is in a downturn, staged a nice comeback, gaining 8.5% since the start of April. The solid returns have made it the top-performing S&P 500 sector of the second quarter and the third-best-performing sector year to date. The prospect of rate cuts this year, a slowing economy and solid industry fundamentals buoyed the rally.While many stocks have powered the sector, we have highlighted five that led the way higher in the past month and saw positive ...

Justin Paget/DigitalVision via Getty Images American Electric Power Company, Inc.(NASDAQ:AEP), an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It is one of the largest electric utility companies in the country, with more than five million customers in 11 states. We have started coverage of the company in June 2023 with a hold rating because the fair value range that we ha ...

chonessIntroduction Earlier this year, I sold the only utility stock in my dividend growth portfolio, Duke Energy (DUK). I didn't do it because I disliked the company but because of my view on interest rates and inflation. I'm in the camp that believes in prolonged elevated inflation and interest rates - at least compared to the favorable risk environment between the Great Financial Crisis and 2021. During this period, inflation was subdued, supported by secular tailwinds, including cheap energy prices, ...

财务数据和关键指标变化 - 公司公布2024年第一季度经营利润为每股1.27美元,较去年同期增加0.16美元 [9] - 公司维持2024年全年经营利润指引为每股5.53-5.73美元,长期收益增长率为6%-7% [9] - 公司本季度实现14.2%的自由现金流对债务比率,符合公司目标范围 [10] 各条业务线数据和关键指标变化 - 垂直一体化公用事业部门收益为每股0.57美元,同比增加0.05美元,主要受益于多个管辖区的费率变化 [40] - 输配电公用事业部门收益为每股0.29美元,同比增加0.05美元,主要受益于费率变化和输电收入增加 [41] - AEP输电控股公司贡献每股0.40美元收益,同比增加0.05美元,主要受益于投资增长和所得税有利变化 [42] - 发电及营销部门贡献每股0.12美元收益,同比增加0.03美元,主要受益于发电和零售业务利润增加 [43] 各个市场数据和关键指标变化 - 公司商业用电负荷同比增长10.5%,主要受益于数据中心等大型客户的快速增长 [15][45] - 工业用电负荷同比增长0.4%,主要受益于塑料、轮胎和造纸制造业客户的增长 [46] 公司战略和发展方向及行业竞争 - 公司预计未来10-15年内将有10-15吉瓦的新增商业和工业负荷,主要来自数据中心等大型客户 [13][59][130] - 公司正在制定新的电价方案,要求数据中心等大客户提供长期承诺,确保新增负荷不会给其他客户带来负担 [63][139] - 公司正在评估是否需要增加发电资产,以满足新增负荷,但这可能需要相关立法支持 [133] - 公司正在加强地方监管和立法层面的参与,以确保获得有利的监管结果 [26][27][28] 管理层对经营环境和未来前景的评论 - 管理层对公司战略和团队充满信心,认为能够实现财务目标 [23][24] - 管理层认为新的联邦环保法规过于严格,可能导致调度电厂过早退役,不利于电网可靠性 [20][21][124][125] - 管理层计划通过自愿离职计划等措施来管控成本,应对通胀和利率上升的压力 [22] 问答环节重要的提问和回答 问题1 **Jeremy Tonet 提问** 如何确保数据中心等大客户的增量负荷不会给其他客户带来负担 [57][58][63] **Ben Fowke 回答** 公司正在制定新的电价方案,要求数据中心等大客户提供长期承诺,确保新增负荷是自负盈亏的,不会影响其他客户的电价 [59][60][61][62][63] 问题2 **Steven Fleishman 提问** 公司是否有能力在短期内满足数据中心等大客户的用电需求 [80][81] **Charles Zebula 回答** 公司需要进行一定的输电系统投资,但不会是大规模的输电线路建设,可以在合理的时间内解决 [81] 问题3 **Durgesh Chopra 提问** 公司的新的资本支出计划和融资计划是否会等待新任CEO上任后再公布 [117][118][119][120] **Ben Fowke 回答** 不会,公司正常的更新计划时间表不会因为CEO换届而推迟,团队正全力推进各项工作 [120][121][122]

American Electric Power Company, Inc. (AEP) reported first-quarter 2024 adjusted earnings per share (EPS) of $1.27, which missed the Zacks Consensus Estimate of $1.30 by 2.3%. However, the bottom line improved 14.4% from $1.11 recorded in the year-ago quarter.The company reported GAAP earnings of $1.91 per share compared with the year-ago quarter’s figure of 77 cents.Total RevenuesAmerican Electric’s first-quarter operating revenues of $5.03 billion lagged the Zacks Consensus Estimate of $5.29 billion by 5. ...

American Electric Power (AEP) reported $5 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 6.4%. EPS of $1.27 for the same period compares to $1.11 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $5.28 billion, representing a surprise of -5.39%. The company delivered an EPS surprise of -2.31%, with the consensus EPS estimate being $1.30.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

American Electric Power (AEP) came out with quarterly earnings of $1.27 per share, missing the Zacks Consensus Estimate of $1.30 per share. This compares to earnings of $1.11 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.31%. A quarter ago, it was expected that this utility would post earnings of $1.27 per share when it actually produced earnings of $1.23, delivering a surprise of -3.15%.Over the last four quarters, the c ...

公司业务结构 - AEP能源供应有限责任公司是AEP的一个非监管控股公司，专门从事竞争性发电、批发和零售业务[5] - AEP Renewables是AEP能源供应有限责任公司的一个部门，专门开发和/或收购与信用良好的交易对手签订长期合同的大型可再生能源项目[6] - AEP Texas Inc.是AEP的一个电力公用事业子公司[7] - AEP Transmission Company, LLC是AEP Transmission Holdco的一个全资子公司，是一个中间控股公司，拥有州级输电公司[8] - Appalachian Power 公司是AEP的一个电力公用事业子公司[9] - Indiana Michigan Power Company是AEP的一个电力公用事业子公司[10] - Ohio Power Company是AEP的一个电力公用事业子公司[11] - Public Service Company of Oklahoma是AEP的一个电力公用事业子公司[12] - Southwestern Electric Power Company是AEP的一个电力公用事业子公司[13] 财务表现 - 公司2024年第一季度归属于普通股股东的收益从2023年的3.97亿美元增加到2024年的10.03亿美元，主要原因包括：2024年收到与零售费率制定中NOLCs处理相关的PLRs的有利影响；各个司法管辖区的有利费率程序；投资于输电资产，导致收入和利润增加；由于有利天气和商业客户类别负荷增加，销售量增加；2023年竞争性合同可再生能源组合出售亏损[14] - AEP的2024年第一季度天气标准化零售销售量较2023年第一季度增加了2.9%，其中住宅销售量减少了0.7%，商业销售量增加了10.5%，工业销售量增加了0.4%[15] 风险管理 - 公司经历了供应链中断和通货膨胀，导致某些商品和服务交付周期延长，燃料、材料、劳动力、设备和其他必需商品价格上涨[16] - 美国经济面临严重通货膨胀，增加了近期经济活动前景的不确定性，延长或进一步加剧供应链和通货膨胀中断可能导致某些商品、服务和资本成本进一步增加，降低未来净收入和现金流，影响财务状况[17] 业务调整 - 公司计划出售AEP Energy和AEP Onsite Partners，以简化业务结构，降低风险[18] - 公司实施了自愿离职计划，旨在减少员工规模，抵消由于通货膨胀导致的其他运营和维护费用增加，以确保电力成本对客户具有可负担性[19] 投资和收购 - 公司已获得各州监管委员会的批准，收购约2811兆瓦的可再生能源发电设施，总价值约66亿美元，以及612兆瓦的可再生能源购买协议[20] - AEP目前签订的容量购买协议（CPA）中，2024年交付开始的项目总容量为2,505兆瓦[21] 财务状况 - 截至2024年3月31日，AEP的长期债务占总资本的比例略有下降，从2023年底的63.0%降至2024年3月底的62.8%，主要是由于2024年收入增加，部分抵消了支持分配、传输和可再生能源投资增长以及运营资本需求的债务增加[22] - 截至2024年3月31日，AEP的可用流动性约为34亿美元，主要来源于50亿美元的循环信贷设施和现金及现金等价物[23]

Exhibit 99.1 News from AEP MEDIA CONTACT: ANALYSTS CONTACT: Tammy Ridout Darcy Reese Managing Director, External Communications Vice President, Investor Relations 614/716-2347 614/716-2614 FOR IMMEDIATE RELEASE AEP Reports First-Quarter 2024 Earnings, Reaffirms Guidance • First-quarter 2024 GAAP earnings of $1.91 per share; operating earnings of $1.27 per share • Company reaffirms 2024 operating earnings (non-GAAP) guidance of $5.53 to $5.73 per share and long-term growth rate of 6% to 7% • Economic develop ...